About 40 million Nigerians temporarily lost access to airtime and data borrowing services during the regulatory disputeIndustry operators warned that the disruption threatened a N300 billion to N400 billion marketThe FCCPC suspended enforcement of the regulations pending the court’s ruling
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
When Farouk Rabiu ran out of data and urgently needed to access his bank account, he turned to a service millions of Nigerians rely on during emergencies, airtime borrowing.
FCCPC suspends enforcement after backlash over airtime lending rules Photo: NurphotoSource: Getty Images
However, the option was unavailable.
Rabiu said:
“The first time I realised I could no longer borrow credit on Glo and MTN came as a big surprise.””I was devastated because, after exhausting my data, I was hoping to borrow credit to access my bank account. Instead, it
